齐鲁晚报·齐鲁壹点记者 黄寿赓 8月28日，A股三大股指迎来震荡一日，沪指盘中一度跌超1%，但在尾盘又大力拉升，收涨1.14%。盘面上，半导体板块爆发，成分股普涨，AI芯片龙头股 寒武纪（688256.SH）再次超越贵州茅台（600519.SH），收盘稳坐"股王"；中芯国际（688981.SH）股价也创下历史新高。展望后市趋势，有机构提到，在 把握主线的同时，要关注到市场已出现一定的超买迹象，建议预留部分仓位以应对未来可能出现的波动。 沪指尾盘大反弹涨1.14% 8月28日，A股三大指数集体低开，沪指跌0.1%，报3796.71点，深证成指跌0.33%，报12254.27点，创业板指跌0.58%，报2707.34点。经历开盘初期短暂震 荡，三大指数翻红，截至午间收盘，沪指涨0.07%，报3803.08点，深证成指涨0.56%，创业板指涨1.26%，沪深北三市合计成交18084亿元。 上证指数(000001) ( W 08-28 15:00:09 3843.60 昨收 3800.35 12651.86 成交额 3796.71 成交量 788.4 43.25 今开 1.14% 上 涨 1268 平 盘 75 下 ...

Market Overview - The A-share market has experienced significant volatility, with the Shanghai Composite Index dropping 1.76% to close just above the critical 3800-point level after a strong morning session where the Sci-Tech 50 index surged by 4.8% [1][9] - The market saw a dramatic reversal in the afternoon, with technology stocks leading a recovery, resulting in a 1.14% increase in the Shanghai Composite Index [1][12] Financial Sector Performance - The financial sector, including banks, securities, and insurance, showed a decline, with major banks experiencing net outflows of 5.4 billion yuan in the afternoon session [3][6] - Financial stocks contributed significantly to the market's decline, accounting for 34% of the total drop in the Shanghai Composite Index, with the top ten weighted stocks contributing 15.8 points to the decline [6][28] Technology Sector Dynamics - The technology sector has been a major driver of the recent market rally, with significant inflows into semiconductor and hardware stocks, contrasting with the outflows from the financial sector [12][30] - The new "stock king," Cambrian, surged by 15.73%, surpassing Kweichow Moutai in market capitalization, indicating strong investor interest in tech stocks [15][17] Investment Trends - The margin trading balance has remained above 2 trillion yuan for 11 consecutive days, reflecting increased leverage in the market [12] - Recent data indicates a shift in investor behavior, with a notable outflow of 1.1 trillion yuan from household deposits, suggesting a migration towards equity markets and other financial assets [31][34] Fund Performance - The latest data from the Asset Management Association of China shows a significant increase in the scale of money market funds, while equity and mixed funds saw a reduction in shares, indicating a preference for safer investments amid market volatility [32][34] - The top-performing ETFs in the technology sector have shown substantial gains, with some funds experiencing over 60% year-to-date returns, highlighting the strong performance of tech stocks [24][21]

8月28日，寒武纪-U再次大涨，收盘上涨15.73%，股价报收1587.91元/股，一举超过贵州茅台，成为A股 第一高价股。该股昨日盘中股价曾短暂超越贵州茅台，但收盘回落，今日为历史上首次收盘价夺得A股 第一。 据证券时报·数据宝统计，按收盘价计算，A股历史上(含已退市股)，共计有80只股票曾问鼎「股王」， 登顶次数最多的是贵州茅台，达到49次之多。其次是春兰股份、外高桥、小商品城等。 值得一提的是，贵州茅台曾长期占据A股「股王」的宝座，自2016年6月17日至2025年8月27日，公司收 盘价一直排在A股第一位。该股在成为「股王」的同时，还曾多次问鼎A股市值冠军宝座，今年公司A 股市值被农业银行、工商银行等反超。 此番A股「股王」易主，与当前市场对AI赛道的热炒不无关系。作为国产AI芯片的龙头企业，寒武纪-U 今年业绩迎来大幅改善。8月26日晚间，公司发布的2025年半年报显示，今年上半年实现净利润10.38亿 元，同比扭亏为盈。 截至收盘，除寒武纪-U外，收盘价排名靠前的还有茂莱光学、吉比特、同花顺、北方华创、中际旭创 等。 ...

Group 1 - The core narrative of the article revolves around the potential for China to create its own "NVIDIA" in the AI era, as evidenced by the recent rise of Cambrian, which has surpassed Kweichow Moutai in stock price [1][11] - Cambrian's stock price surged by 15.73% on August 28, reaching 1587.91 yuan per share, with a trading volume exceeding 26 billion yuan, although its market capitalization stands at 664.3 billion yuan, about one-third of Moutai's [1][2] - The article highlights the shift in market focus from traditional consumer goods, represented by Moutai, to AI computing power, marking a new narrative in the capital market [4][6] Group 2 - Cambrian's stock has seen a remarkable increase, with a monthly rise exceeding 100% and a year-to-date increase of over 2500%, leading to a market capitalization surpassing 600 billion yuan [3][4] - The company has recently reported a revenue growth of 4347.8% in the first half of 2025, achieving a net profit exceeding 1 billion yuan, which has helped dispel doubts about its profitability [6][7] - Institutional investors, including major ETFs and high-profile investors, have shown strong interest in Cambrian, further boosting its stock performance [6][7] Group 3 - The article draws parallels between Cambrian and NVIDIA, noting that both companies are experiencing rapid growth and market enthusiasm, but also face the risk of valuation bubbles [9][10] - NVIDIA's recent financial performance, with revenue reaching 46.7 billion USD and a significant increase in its data center business, reflects the broader trends in the AI sector [9][10] - The cautious sentiment among investors regarding the sustainability of AI growth is echoed in Cambrian's trajectory, suggesting that both companies are at different stages of a similar market narrative [10]

Group 1: Recommended Stocks - Torch Electronics (603678.SH) shows confidence with an employee stock ownership plan despite a 20.04% decline in revenue to CNY 2.8 billion in 2024[9] - Jiejie Microelectronics (300623.SZ) reported a 35.05% increase in revenue to CNY 2.845 billion and a 115.87% rise in net profit to CNY 473 million in 2024[13] - Meige Intelligent (002881.SZ) leads in smart cockpit modules with a 35.1% market share, achieving 881,000 units shipped in 2024[19] - Kingsoft Office (688111.SH) achieved a revenue of CNY 26.57 billion in H1 2025, a 10.12% year-on-year increase[20] - Parker New Materials (605123.SH) aims for high-end markets with a focus on aerospace and energy sectors, despite a 46.37% drop in net profit in 2024[25] - Jinyinhai (300619.SZ) is a leader in lithium battery equipment, expecting revenues of CNY 18.95 billion in 2025[29] Group 2: Financial Metrics and Projections - Torch Electronics forecasts EPS of CNY 1.10, 1.40, and 1.74 for 2025-2027[12] - Jiejie Microelectronics anticipates EPS of CNY 0.78, 1.02, and 1.35 for 2025-2027[16] - Kingsoft Office projects net profits of CNY 17.68 billion, 21.50 billion, and 26.93 billion for 2025-2027, with a PE ratio of 84, 69, and 55 respectively[23] - Jinyinhai expects net profits of CNY 0.11 billion, 0.80 billion, and 2.60 billion for 2025-2027, with a PE ratio of 318.45X, 45.82X, and 14.01X[35]

转自：证券时报 人民财讯8月28日电，8月28日，寒武纪-U再次大涨，收盘上涨15.73%，股价报收1587.91元/股，一举超过贵州茅台，成为A股第一高价股。该股昨日盘中股价曾短暂超越贵州茅台，但收盘回 ...

Market Performance - The Shanghai Composite Index rose by 1.14% to close at 3843.60, while the Shenzhen Component Index increased by 2.25% to 12571.37. The ChiNext Index saw a significant rise of 3.82% to 2827.17, and the STAR Market 50 Index surged by 7.23% to 1364.60 [1][2]. - The total trading volume in the Shanghai and Shenzhen markets reached 2.97 trillion yuan [3]. Stock Movement - Over 2800 stocks in the market experienced gains, indicating a broad-based rally [5]. - Key sectors that performed well included copper cable high-speed connections, CPO, satellite navigation, chips, and consumer electronics, while sectors such as agriculture, weight loss drugs, liquor, medical devices, and oil and gas extraction faced declines [6]. Notable Stocks - Semiconductor stocks saw significant gains, with companies like Zhangjiang Hi-Tech, Broadcom Integration, and Starry Sky Technology hitting their daily price limits, and over 30 stocks rising more than 10% [6]. - Notable individual stock performances included: - Changxin Bochuang up by 18.84% - Zhongbu International up by 17.45% - Jiejia Weichuang up by 17.19% - Dongxin Co. up by 16.43% - Cambricon Technologies up by 15.73% [7]. Capital Flow - Major inflows of capital were observed in the electronics, communications, computing, non-ferrous metals, and defense sectors, while outflows were noted in pharmaceuticals, food and beverage, public utilities, agriculture, and media sectors [9]. - Specific stocks with significant net inflows included: - SMIC with 2.407 billion yuan - China Rare Earth with 1.810 billion yuan - Shenghong Technology with 1.519 billion yuan [10]. - Conversely, stocks like Northern Rare Earth, BYD, and CATL faced net outflows of 2.160 billion yuan, 1.145 billion yuan, and 1.023 billion yuan respectively [11]. Analyst Insights - CITIC Construction pointed out that the market is currently in a high-level oscillation phase, emphasizing the need to monitor the performance of high-position technology stocks. The recent market rally is driven by industrial policy and performance, suggesting a continued upward trend unless there are changes in these driving forces [12]. - Guodu Securities warned about potential bubble-like increases in sectors lacking fundamental support and highlighted that "anti-involution" has become a focus area for policy, with cyclical industries and new energy likely to see significant policy impacts in the second half of the year [12]. Stock Highlights - Cambricon Technologies surged over 15%, surpassing 1500 yuan per share, becoming the new "king of stocks" in A-shares, overtaking Kweichow Moutai [13].

(责任编辑：宋政 HN002) 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 寒武纪8月26日晚发布半年报显示，2025年上半年实现营收28.81亿元，同比增长4347.82%；净利润 10.38亿元，而去年同期亏损5.3亿元，同比实现扭亏为盈。 格隆汇8月28日｜寒武纪-U(688256.SH)今日盘中一度涨超16%报1595.88元，再创历史新高，股价稳超茅 台(600519)稳居"股王"宝座；最终收涨15.73%，报1587.91元，市值达6643亿元。寒武纪本月累涨涨幅 123%，2023年至今累计涨幅超2800%。 ...

继前一天仅短暂20分钟"称王"后，8月28日，寒武纪（688256.SH）与贵州茅台（600519.SH）的"股 王"争夺赛持续上演，在早盘竞逐一个小时左右后，寒武纪股价再度超越贵州茅台，并通过不断拉开股 价差距，于当日坐稳A股第一股价宝座。 在超越贵州茅台之后，寒武纪的股价整体震荡上行，尤其是尾盘涨势强劲，相较而言贵州茅台盘中一度 有所震荡下行。截至28日收盘，寒武纪股价上涨15.73%，每股股价接近1600元，收报1587.91元/股，贵 州茅台股价则微跌0.13%，收报1446.10元/股。以此来看，寒武纪每股股价高出贵州茅台141.81元。 8月26日晚间，寒武纪发布2025年中报，上半年营业收入28.81亿元，同比增长4347.82%；净利润10.38 亿元，实现扭亏为盈。该公司在2024年四季度首次实现单季盈利，并在2025年一季度延续业绩涨势。在 业内看来，业绩改善和国产替代预期或是股价大涨的影响因素。 ...

格隆汇8月28日｜寒武纪-U(688256.SH)盘中涨超10%报1518元，再创历史新高，股价稳超茅台(600519) 稳居"股王"宝座，市值升破6300亿元。 (责任编辑：宋政 HN002) 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 寒武纪8月26日晚发布半年报显示，2025年上半年实现营收28.81亿元，同比增长4347.82%；净利润 10.38亿元，而去年同期亏损5.3亿元，同比实现扭亏为盈。 ...